If you are considering making some home improvements to increase the resale value of your home, but you only have a limited budget to work with, which would you prioritize: the classy granite counters and luxurious steam showers you’ve always dreamed of, or new gutters and a drainage system for your basement? While the latter option may seem incredibly boring and unsexy, industry experts say these are the kinds of things buyers care about when they purchase a home. If the most basic features of your home are faulty or in a state of disrepair, buyers won’t care how pretty your kitchen backsplash or countertops are. Unreliable heating and cooling systems, leaking pipes or faulty drainage, and roof damage are all major problems that could turn off potential buyers and make them pass up on your home.
According to a recent study, you are more likely to get back what you spend on basic home maintenance such as getting a new furnace or replacing your siding than you are to get a return on your investment in a major kitchen or bathroom remodel. Buyers these days have become very savvy and money-conscious; they don’t want to have to worry about basic home maintenance systems or concerns such as leaks and faulty plumbing, heating or cooling. They know that reversing the damage caused by poor home maintenance can end up costing quite a lot of money, and they want to avoid that at all costs.
Of course, this doesn’t mean that kitchen and bathroom remodels don’t pay off at all. Those two are always consistently at the top of the list of most important rooms in a house for most buyers, so if your home is already in good condition when it comes to the basics and you have the budget to make upgrades, you can definitely go ahead and get those granite counters and that luxurious steam shower. At the end of the day, when deciding where you should invest your money when it comes to improving your home, consider this: what you’ll get back on your investment will depend on the current value of your home, the value of the houses in your neighborhood, the current state of the housing market in the area where you live, how soon you can sell your home after making the improvements, and the quality of the work you will have done.
If you are planning to sell your home, let The Incorvaia Team make the process as easy as possible for you. Call us at 440-879-7130 today!
